HomeMy WebLinkAbout0781 3. To place and cominuovsly keep on the bu~:dings now o~ hereafrer iituate on sa~d tand and un aC eq,~p~neN and penona~~y covered by ehis mor
a9e, w~~h all pr~miums ~i~ereo~ pad in f~il, f~re ~nsurance ~n ~ne usua{ st,~~.dard pohcy form, m a s~~~~ a~•pro+ed by th~ MOR~G:.GEE, ~~~d w~:~di~o
~n1~rance in tha usual sra:idard pol.cy torm, in a wm approved by the MORTGAGEE, in wch con:~,ny er co~n~-an~es as ~he MORIGAGEE m
d~•ech and a~l tire and w~ndswnti i~iwrance poiit~es on aoy of said buitd~ngs, any interest thciein u~ ~~art lhcreof, in the aggr<yatz s~rn aforesa~d
~n excexs the~eof, shaU cont~in tha usual sianda~d mo:~ga9ee tlause or such other ~lause as ~he Moitya9ee may reqwre, ma?ing thz ;oss unda~ s~.d po
c~as, each and every, payab!e to said :.tpRTGAuEE as ~ti inter~~st may appear, and each and every s~ch w ~c~ shait be pro~»prty ass y«<d a+~d da:i.~~rd ~
any held by sa~d ti10RiGAGfE as fur~har e~cwity ~o sa;d mortgage debt, and, not less than ten (10) days i:i .,dv~~ice of ~n~ exp~rat~on of each po!~cy, ~o d~
I~ver to sa~d MORiGAGEE a renewol thereof, toge~he~ wi~h a rece~pt for the premium of such rene+v.,l; and thr~e shal! be no f~re or ~v~~~dswrm inscranc
ptaced on any of said bui!d~ngs, any interes~ thcrein or parr thereoF, unless in the fo~m and wirh the ~ozs p3y~b'.e as ataesa~d; a.+d in the eveM any su~
of money becomes payable under such F:olicy or polkies said MORTGAGEE ahall have thz oNt~on to rec~~v~ and apN!y the same on acco~nt o( the indrbtrd
nass secured hereby or to permit s~~d MORTGAGOR$ to receive and use it o~ any ~~arf ther.r~( rc~ o:~~•r ~.,,r, ;;s~s, v.:ri,c~t ih,•<.,; l._~.~.:~ or ~~,p,.~~
ing any equ~ty, l~en or r~yht under o~ by virtue of this moregage; and in the event sa~d MORTGAGORS shall `or any reason fail to keep ~he sa~d premis_s so
~nswed, or f~il to daliver promptly any of sa~d poGues of inw~ance to sa~d MORTGAGEE, or io~: promptly to F:ay fully any prr~nw~n thurefor or in any
respect (ail to perform, d;sc~~arge, execu~e, etfru, complete, comply wirh and ab~de by th~s toven„~t, or any par~ hrreof, said MURivaGEE may ptace a•o
pay for such insurance or any part fhereof w~thout waiving or alfec~ing any opGon, lien, equ~ty. or r~ght und~r or by v~itue of th~s Vlortgage, ar.d thc
f~l{ amount ot ea~h and e.ery such paymeM shall be immediately due and payabte and shaii brar intr~esr from tha date the+eof unril paid at the iate of
n:ne per cen~~m per annum anJ to~_ih,•r with wch i~ver~st shaii be sxured by the lien of this mortgage.
4. To permit, cornmit w svffer ~o waste, irnpairment or deterioration oi said property or any part thereof.
S. To pay all a~d singular the costs, charges and expenses, inc~uding a reasonable aitwney's fee and cosrs of abstracts of titte, i~cur.ed or paid at
~ny tin:e by said MOR1GAGfE, because or in the event of the faiture on the par~ of the said MORIGAGOR to duty, p.om~tly and fuiiy perform, d~scharge.
=.ecute, effect, Canplete, tompty w~th a„d ab.de by each and every the stipulat~ons, agreamcnis, conditions, and covenants of sa~d pro~n~ssory note and ~h~s
~:orrgage any or e~ther, and sa.d costs, chmgrs and exF:enses, each and every, shall ~ imm,.-diately due and payable; whe~her w not rhere be nat~~e ds
mand, attempt to col:~t or s~it p.;nd~ng; and the fu11 amounf oi each and e~ery such payment shal! bea. interes~ fro+n the date thereof umil paid at tiie
~ r~ os n~~ir }~er crntum N~r annu•n; rnc; aii sa~d costs, u~arges ond expenses incurred or paid, togaiher ~v~th wch interrst, shall be securzd by the I~ao of th~s
mortgage.
6. That (al in the eveM of any breach of this Mortgage or deFault on the part of the h',ORTGAGOR, or (b) in the evenl any of sa:d sums of monYy
h~.ein refened ~o be not pro:npr;y a~d f~;ly paid within th,rfy t30) days next aiter the same seveia'1y beco~.~e due and payable, without demand or notke,
.r ;c) in ~he event each and every the stipulanons, agreemenu, cond~rions and covenants ot sa.d pro~nissory note arrd th~s nwrtgage any or e~~her are no1
i~;y, p~omprly and fulfy performed, d.scharged, exewted, effected, completed, comp6ed w~~h and al~dcd 5ti•. then in e.ther w any such eveM ~he sa~d ag
~•egate sum ment~oned in said promissory nc~e then re;naining unpaid, with inrere;t accrued, and a~t moneys sewred hereby, shatl become due and pay
ao.e forth.vfth, or th4reafter, at the opt~on of sa~d MORTGAGFE, as fully and tomp!e~e!y as ii at! of ihr sa~d surns of money we~e ongmally shpu:a~ed
ro be pa.d on wch day, anyth~ng in sa.d pron,~ssory note w in th~s hlortgage to the co~~trary nor.v~~hsra+~d,ng; and thereuµon or thereafter a~ the opi,on of
s: d MORTGAGEE, w~thout noGCe or demand, suit at faw or in equity, the~efore w thereafrer begun, may be prosecuted as if all moneys setured hereby
r._d matured pnor to ~ts institution.
7. That in tne event that at the beginn~ng ot or at any time pending any suit upon ~his Mo~tgage, or to foreclose it, or to reform i*, or to enforce
Fayment of any cla~ms hzreu~der, said MORTGAGEE Sha11 apply to the Covrt having jur~sd~tt~on thercof }or fhe appo~ntmenf of a Reteive~, suth CouA Shall
i~:rhw;th appo;nt a rece~ver of said mortgagrd property all and singutar, incf~d•ng a? and singu!ar the income, prpi,ts, issues and revenues f~om whatever
s: ,rce dar~ved, each anJ every of wh,ch, ir betng express~y unde~swod, is Fereby mortgaged as ~1 spec~f,caily set forth a~d described in the g~anti~~g and
i~: endum c,auses hert-of, ard such Rece«ar shau have alt ~he broad and eltecr~ve funcr.ons and powers in a~yw~se entrusted by a Court to a Recaiver, and
s_ch appointment shatl be made hy such Court as an ad:nittod equ~ty and a matter of absolute r,gM ro sa~d MORTGAGEE, a~d w~,hout refere~ue to the
aci~auscy or ~nadequaty of the va~ue of rhe property mortgaged or to the so:vency or ir.so:vency of sa~d MOR~GAGOR o~ the defendanrs, and that svch
~~+s, protits, inco.ne, ~:sues and rerer.~es sha~i be appiied Cy such Receiver acco~d:~~g to the {ien w rquity of said 1610RTGAGEE and ~he prad~ce of s~ch
Court.
B. To du•.y. promptly and ful!y per'orm, discharge, execute, eifecf. complere, comply w~th and abide by each and every the s~ipuiations, agreements,
:~rtditions and covenanrs in so~d pranfssory no!e and th~s mortgage set forth.
9_ Thot in the event rhe ownership of the mortgaged prem~ses, or any part tnzreof, becomes vested in a per3on other than the MORTGAGOR, the
"~RTGAGEE, in s~cceuors ard ass~gns. ~nay, withov~ noiice to tne A10RTGAOR, deai wrth such wccessar a s~ccessor in interest wnh reference to this
. o•~gage and che debr hereby sec~red in the samr manner as .+;~h Mwtyago~ w+thout in any ~vay vit:a~ing or d~scharg~ng the Ihortga~ors' liabiiity here-
: ~er or upon fhe da6t hereb~ secvred. No saie of rhe premises hereby mortgaged ar.d no ~orbearan~e on ~he parf of the /AORIGAGEE or irs successors
o~ assigns and no extension of the time for the payment of the debt hereby secured given by the h'ORTGAGEE or its successws or assgns, a~iall operate
ro re!ease, d~scharge, mod~fy charge or affeu the orig;naf Iia~,Lry of the MORTGAGOR herein, either in who~e or in pa~t.
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10. It is spec~flcaiiy aoreed that t~me is of the essen~e of this contract and that no waiver of any ob~~gat~on hereunder or of the ob!igation se-
r:red hereby shali at an~ tiR~e tnereafter be hc!d to be a waiver of the terms bereof or oi the i~~strument secured herby.
I 1_ In a;id t:c:~ ro r~c. /orege nq r~,onThfY pa~'n-:ents of princ pai and int~=r~s' requ red by the From:sscry n~r• secwed hert~by, ma t~3gor covenants
i agrees to pay to n.o-tgac3_=e x~th each monih~y Ha~: ~ent an add,~~onal Su~n es! neated by mortyagee to be eguai to I 12 of the an:iua! cest of the fofiow-
A-AII rrai prop_rey taxrs lev~c;.' or assesseci og.~i•,s! the above d~scribad re~al estare.
B- Pr._~:, ;,~~~s on h•e ~nd vr~nclsro--n ~rsura,-ce as ne~e~r, req~;rAd ~o he carned e~, fhe :c.,;roveme~rs s tuate on the above dcsc~~bed prem~ses.
C-Prr~~ l~ ~ s o~ s~~;h mo't3; g~ gua•anty icsura~,:e as mortyagee shal~ frc.~ t rne to t:me deem fit to tarry on the loan sec~red hereby.
b'ort~aqre st:., ! f-cm t:.:,r to t~^~e not~fy me.tyagcr m w~iting of the a~rou~t d„e and payable hereundar and such surn sha:l thcreu~wn be due and
.~.ab:e on rh~ d~~ da•e ei ih~ ~~etit n:o~thi~ payment and each svccessive ~no~th therealt^~ ~ct;! mcrtgagee sh~!) not:{y mortgagor of a change in such
~:;m. Such su~ns s+e ~!~e ap~,.~ed ty ~nortgag.>e tonard the payment of real property taxes. insurance pre~n.~rns, a~~d mortgage guaranty iosurance
, s..;~iums. , i
IN lV1iF:E55 ..H_REOf, ti~e so~d MORiGAGOR has Fereunto set h;s har.d and scal the day and year first aforesa:d.
5qned, Se~;ed and delivered in the presence off~tED .•h:: RtLOROED A` ~ T GES, INC.
~ ST. Lt1C~~ ~:'IMTr FLA. gY : a~
Fn •~~~~S t~ ll iam A. Anderson, Presid~n~
~ LF=. : C.:~T ;,JURT ATT~ST: ~ i
~ . . -
c5ea~~
_ Verna L. P.nderson, Secretar~t
l Nw~ V .31 f~ealj
231292
STATE OF FLORIDA COUNTY OF ST. LUCtE
I HEREBY CERTIFY, That on this day of June , A.d. 19 72
before me persona!!y appeared _ William A. Anderson and Verna L. Anderson '
respectively as President and Secretary` _ , af
_American iiomes and Mortgages, Inc, ~ a Florida Corporation, to me ~
known to be the persons described in and who execuTed the foregoing instrument, and severally acknowledged the exe-
cution thereof to be their free act and deed as such officers for the uses and pursoses therein mentioned; arxl that ihey
affixed thereto the official seal of said corporation, af th , said instrument is the act and deed of said carpotstion.
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WITNESS my hand and ofticial seal at Fort Pierce , said county d state.
This instr~~ment prepared by ~ - "
• ~ d
John W. Collins
irst Federal Savings and Loan ~otar ublic, in a or Stat nd Cou aforesaid.
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~ssuciation of Fort Pierce, Florida MY bmmission Expires: /~_~,r~-.~
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Checked By '
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